Chartwell Consulting Limited Filleted accounts for Companies House (small and micro)

CHARTWELL CONSULTING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08352509

Chartwell Consulting Limited

Filleted Unaudited Financial Statements

31 March 2021

Chartwell Consulting Limited

Financial Statements

Year ended 31 March 2021

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Chartwell Consulting Limited

Statement of Financial Position

31 March 2021

	2021		2020
Note	£	£	£

Current assets

Debtors	5	4,098,003	2,134,092
Cash at bank and in hand		1,832,999	149,621
		------------	------------
		5,931,002	2,283,713

Creditors: amounts falling due within one year	6	5,930,999		2,283,710
		------------		------------
Net current assets			3	3
			----	----
Total assets less current liabilities			3	3
			----	----

Capital and reserves

Called up share capital	3	3
	----	----
Shareholders funds	3	3
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 March 2022 , and are signed on behalf of the board by:

Mr A Redfern

Director

Company registration number: 08352509

Chartwell Consulting Limited

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 78 York Street, London, W1H 1DP, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 24 (2020: 24 ).

5. Debtors

	2021	2020
	£	£
Trade debtors	1,032,656	1,353,519
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,978,943	707,301
Other debtors	86,404	73,272
	------------	------------
	4,098,003	2,134,092
	------------	------------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	38,272	223,332
Amounts owed to group undertakings and undertakings in which the company has a participating interest	4,245,926	1,381,580
Corporation tax	670,629	179,516
Social security and other taxes	221,709	113,298
Other creditors	754,463	385,984
	------------	------------
	5,930,999	2,283,710
	------------	------------

7. Related party transactions

At the year end the company owed £4,245,926 (2020: £1,380,580) to group entities. At the year end the company was owed £2,978,943 (2020: £701,301) from group entities.

8. Controlling party

The company is a group undertaking of Chartwell Consulting Europe LLP, an LLP registered in England and Wales. The directors of the company are members of Chartwell Consulting Europe LLP. The company is ultimately controlled by the directors. The registered office address of the ultimate parent undertaking is 78 York Street, London, England, W1H 1DP.